IRS Tax News - IRS launches tool for nonfilers to receive stimulus payments The IRS has launched an online portal for taxpayers who are eligible to receive an economic impact payment but who are not normally required to file an income tax return because their...

Tax Policy - April 10th Afternoon State Tax Update On March 19 we launched a tracker providing a repository of information related to state fiscal policy responses to COVID-19. We are updating the tracker frequently and will be using the Tax Foundation blog to...

IRS Tax News - Guidance on NOL carryback and tentative carryback adjustments The IRS issued procedures to elect to forgo net operating loss carryback and extension of time to file tentative carryback adjustments. Source: IRS Tax News - Guidance on NOL...

Tax Policy - Tennessee Governor Signs Marketplace Facilitator Bill as Louisiana Considers the Same In the midst of coronavirus responses and accompanying hits to state revenue, some states that had previously held out are looking to expanded online sales tax...

Tax Policy - Kentucky Legislature Passes Flawed Excise Tax on Vapor Products Early this month, state legislators in Kentucky passed a revenue package (HB351) which includes an excise tax increase on vapor products. The bill divides vapor products into two...